Why a Real Estate Solicitor Is Invaluable When Buying or Selling a Property

Posted on: 2 April 2019

If you are planning to purchase a property or perhaps you are a seller of a property, it is critical to ensure that your finances and assets are protected. For instance, if you are a buyer, it is crucial to ensure that you are purchasing a home worth the money that you are putting down for it—not to mention that it is essential to be certain that you will not be in any legal battles down the road in regards to the ownership of the property. Sellers, on the other hand, need to try their best to ensure they get the best price for the property while also ensuring that it gets off the market in the shortest time possible. Nonetheless, you will find both buyers and sellers sceptical about hiring a lawyer for the process under the misassumption that it will be a waste of money. Read on for a couple of reasons why a real estate solicitor is invaluable when buying or selling a property.

A real estate solicitor will draft contracts favourable to your cause

When you are working with a regular real estate agent during the sale or purchase of a property, you will likely get a generalised contract for both the buyer and the seller. When you choose to work with a real estate solicitor, you get the opportunity to draft the contract you are handing over to the buyer or seller according to the stipulations that you would prefer. Having the opportunity to review what you would like (as either party) goes a long way in ensuring a favourable outcome for the transaction. Moreover, a real estate solicitor can also negotiate the contract handed to you with the other party in case there are some terms that you would prefer modified.

A real estate solicitor will file the necessary documents for you

Both parties involved in the transaction of a property will be required to files a substantial amount of paperwork. If you do not have legal expertise in real estate law, it can be easy to make some errors that can prove catastrophic and possibly end up not having the transaction for the property happen. When you hire a real estate lawyer, you are guaranteed that all necessary documentation will be filed with all parties involved in the buying or the selling of the property. Furthermore, having a real estate solicitor on your side will help ensure that you do not miss any deadlines that could negatively influence the transaction at hand.